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Conde Nast ditches another magazine

Posted Jan 29th 2009 12:45PM by Zac Bissonnette (RSS feed)
Filed under: Magazines

Conde Nast is ditching Domino, the "style magazine that focuses on life at home." The magazine was launched in April of 2005, and CEO Charles H. Townsend said that the decision to abandon the projects was driven "entirely" by the economy.

The magazine's editor told The New York Times that "We tried to create a marriage between the beautiful image magazines and the useful service magazines. Editorially, we did what we set out to do, and in this economy, sadly, that's not enough."

The magazine was burning cash as its ad revenue declined with the housing industry.

Continue reading Conde Nast ditches another magazine

Analyst initiations 3-15-07: MasterCard & Domino's Pizza initiated today

Posted Mar 15th 2007 11:16AM by Kevin Shult (RSS feed)
Filed under: Before the Bell, MasterCard Inc'A' (MA), Domino's Pizza (DPZ), Analyst Initiations

MOST NOTEWORTHY: MasterCard Inc (MA), Domino's Pizza, Inc (DPZ), STEC, Inc (STEC) were some of today's more notable initiations:

Suntrust initiated MasterCard Inc (NYSE: MA) with a Buy rating and $130 target, believing the company is the best positioned to benefit from the secular shift from cash to e-payments at the point of sales.

Domino's Pizza Inc (NYSE: DPZ) was initiated with an Outperform rating and $38 target at Friedman Billings.

AG Edwards initiated STEC Inc (NASDAQ: STEC) with a Buy rating and $12 target. The firm feels shares are undervalued and that the company's growth profile and profitability should dramatically improve post-consumer business sale and revenue recognition change.

OTHER INITIATIONS:

California Pizza Kitchen (NASDAQ: CPKI) was initiated with a Market Perform rating and $35 target at Friedman Billings.

Stanford believes Watts Water Technologies, Inc (NYSE: WTS) is one of the more compelling names in the water infrastructure space and initiated shares with a Buy rating and $42 target.

Morgan Keegan believes Horizon Lines Inc's (NYSE: HRZ) earnings potential has yet to be realized and initiated shares with an Outperform rating.

Lazard initiated several solar power companies with Buy ratings: SunPower Corp (NASDAQ: SPWR), First Solar, Inc (NASDAQ: FSLR), Evergreen Solar, Inc (NASDAQ: ESLR) and Energy Conversion Devices, Inc (NASDAQ: ENER).

Analyst summaries provided by TheFlyOnTheWall.com (subscription required).